Forex data GBP/USD
Date : 2025-05-21
Opening : 1.33847
Higher up: 1.34353
Below: 1.33835
Closing : 1.34330

Economic news :
Mixed Sentiment In World Markets
GBP/USD Exits Bearish Channel
FX option expiries for 20 May 10am New York cut

Detailed analysis:
For a full analysis of the GBP/USD forex market on 21 May 2025, let's look at the various aspects of this situation.

### Technical Analysis

1. **Current trend:**
- GBP/USD opened at 1.33847 and closed at 1.34330, indicating a bullish trend for the day. The fact that the closing price was close to the day's high (1.34353) reinforces this bullish sentiment.
- The exit from a downtrend channel mentioned in the economic news suggests a potential trend reversal. This could indicate that selling pressure is easing, giving way to a possible upward recovery.

2. **Technical indicators:**
- Support and resistance:** The 1.33835 level (today's low) could act as a key support. On the other hand, the area around 1.34353 could serve as immediate resistance to keep an eye on.
- Moving averages:** If we consider the short and long moving averages, it would be worth checking whether a bullish cross is forming, which would confirm the trend reversal.

### Impact of Economic News

1. **Mixed sentiment on World Markets:**
- Mixed sentiment may create volatility in the GBP/USD pair. Caution is advised, as investors may react unpredictably to new global economic news.

2. **Canal Baissier exit:**
- Exiting a downtrend channel is an important technical signal. It may attract more buyers to the market, reinforcing the upward momentum seen in the current session.

3. **FX Option Expiries :**
- The FX options expiring on 20 May may have created pressure on the market, influencing volatility and short-term price movements. The expiry of these options could ease certain constraints on the market, allowing prices to move more freely.

### Short-Term Forecasts

1. **Bullish scenario:**
- If the price manages to hold above the current closing level and break through the immediate resistance, the pair could test new highs close to 1.34500 or even higher.

2. **Cashier script:**
- Conversely, if market sentiment deteriorates or if unfavourable economic news emerges, the price could come back to test support at 1.33835. A break below this level could send the market back into a downtrend.

3. **Volatility and Risk Management:**
- Given the global economic uncertainties, it is essential to keep a close eye on major economic releases and to use risk management tools such as adjusted stops to protect positions.

In conclusion, although the GBP/USD pair is currently showing signs of a bullish recovery, investors should remain vigilant in the face of potential fluctuations due to the economic and technical factors mentioned above.